05/06/2026
Risk doesn't wait for an owner to be appointed before it starts accumulating.
An organisation can go months — or years — with cyber risk in an informal space between IT operations and senior leadership. Most of the time, nothing immediately terrible happens.
Until it does.
In November 2023, a mid-sized UK accountancy firm experienced a ransomware incident. The attacker had been inside the network for 23 days before detection. The initial access was a compromised credential belonging to a junior member of the accounts team — an account with more permissions than it needed, because nobody had reviewed access rights in over two years.
The firm had Cyber Essentials.
It had an MSP providing 24/7 monitoring.
It had recently passed a GDPR compliance review.
The tools didn't fail. The governance did.
Three weeks of operational disruption. Notification obligations to around 400 clients. Two significant client mandates lost.
The harder truth: when an incident occurs in an organisation without cyber risk governance, accountability doesn't sit with IT. It doesn't sit with the MSP.
It traces to the board.
Article 6 covers the regulatory, commercial and legal consequences of the governance gap — and why they arrive at board level regardless of whether anyone up there identified it.
https://hubs.la/Q04kfP_70
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📅 Webinar: How Leaders Should Govern Cyber Risk
30th June · Live · Free to register
🔗 Read + register: https://hubs.la/Q04kfSJr0
Understanding cyber risk governance is crucial. Without ownership, risks escalate and lead to significant board-level consequences. Learn how to close governance gaps.